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Vallejo sits at the edge of the Bay Area, where retirees and asset-rich buyers are active. Many carry significant portfolios but show little taxable income.
Asset depletion loans let lenders count your liquid assets as income. No W-2, no pay stub — your portfolio does the talking.
680+
Min Credit Score
20% minimum
Down Payment
60–84 months
Asset Depletion Term
Non-QM
Loan Type
Higher — varies
Rate vs Conventional
Asset Depletion Loans in Vallejo
Lenders divide your liquid assets by a set number of months — often 60 to 84 — to calculate monthly income. That number is what qualifies you.
Most lenders want a 680+ credit score. Expect a down payment of at least 20%. Cash, stocks, and retirement accounts typically count.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Vallejo.
Vallejo sits at the edge of the Bay Area, where retirees and asset-rich buyers are active. Many carry significant portfolios but show little taxable income.
Asset depletion loans let lenders count your liquid assets as income. No W-2, no pay stub — your portfolio does the talking.
Lenders divide your liquid assets by a set number of months — often 60 to 84 — to calculate monthly income. That number is what qualifies you.
Big retail banks rarely offer asset depletion programs. This is a non-QM product, and most non-QM lenders operate through the wholesale channel.
At SRK CAPITAL, we have access to 200+ wholesale lenders. Several specialize in asset depletion. Rates vary by borrower profile and market conditions.
The biggest mistake I see: borrowers assume all assets count equally. Concentrated stock positions and illiquid holdings often get discounted or excluded entirely.
Document everything before you apply. Lenders want 2-3 months of statements showing the full balance. Gaps in statements kill deals.
Bank statement loans work better if you have self-employment income flowing monthly. Asset depletion fits borrowers whose money sits in accounts, not businesses.
DSCR loans are investment-property specific. Asset depletion works on primary homes, second homes, and investment properties alike.
Vallejo has attracted buyers priced out of Marin and Napa who bring substantial savings but left the workforce early. Asset depletion is built for that profile.
Solano County's price points are more accessible than neighboring Bay Area counties. That means smaller loan balances and stronger asset-to-loan ratios for most borrowers.
Cash, savings, stocks, bonds, and retirement accounts typically qualify. Lenders usually discount retirement accounts to 70% of their balance.
They divide your eligible assets by a set term — often 60 to 84 months. The result is treated as monthly income for qualification.
No. Any borrower with significant liquid assets can apply. Early retirees, investors, and business owners all use this program.
Yes. Asset depletion works on investment properties, not just primary homes. Expect stricter reserve requirements on investment transactions.
Yes, non-QM programs carry higher rates than conforming loans. Rates vary by borrower profile and market conditions.
It depends on the purchase price and loan amount. A $500K loan over 84 months needs roughly $500K in eligible assets — before other expenses.